NOCIL Limited is India's largest manufacturer and supplier of rubber chemicals, primarily serving the tire and other rubber processing industries. The company operates major production facilities in Navi Mumbai and Dahej, offering a comprehensive range of products including rubber anti-degradants, antioxidants, accelerators, and pre-vulcanization inhibitors.

NOCIL has faced challenging macroeconomic conditions recently, including U.S. tariff structures and intensified dumping pressures from international producers, affecting both domestic and export volumes. To counter these, the company has filed antidumping petitions, which are under investigation by Indian authorities.

Despite pricing pressures, NOCIL achieved a 4% sequential increase in sales volume. The company is taking strategic measures, such as a brownfield expansion at Dahej and implementing cost optimization initiatives, showing a strong focus on long-term growth and operational efficiency.

The Indian tire industry is robust, supported by government infrastructure initiatives and GST rate reductions, which are expected to enhance demand for vehicles and, sequentially, NOCIL's rubber chemicals.

NOCIL is focusing on capacity expansion and product innovation, with plans to start trial production at its expanded Dahej facility in 2026, signaling confidence in continued demand growth in both domestic and international markets.